2438 Ocean Street, Carlsbad, California 92008, Carlsbad, 92008 - 3 bed, 3 bath
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Carlsbad, California 92008
This Coastal Luxury Estate is a Strong Value Opportunity, listed at $3,500,000—positioned well below the $3,909,708 Fair Market Value by 10%. This valuation gap provides $409,708 in Instant Equity. While maintaining a well-maintained Condition Rating of 4, the 2005 finishes offer a prime value-add opportunity for modernization. Featuring Direct Beach Access, a Rooftop Deck, and Panoramic Ocean Views, the property is further enhanced by R3 Zoning and access to Top-Rated Schools like Sage Creek High. This is an elite acquisition for Luxury Owner-Occupants or Savvy Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2438 Ocean Street Subject | $3,500,000* List Price | 3 | 3 | 2,333 | $1,676 | - |
A 157 & 157 1/2 Maple Ave Sold | $2,600,000 | 3 | 2 | 1,474 | $1,764 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is exceptionally well-maintained and move-in ready; however, the major renovation was completed in 2005 (19 years ago), which places it within the 15-30 year renovation bracket for a 'fair' score. While the materials are high-end, the aesthetic—specifically the dark cherry-wood cabinetry, heavy granite patterns, and travertine-style tile flooring—is stylistically outdated compared to modern luxury standards.
High School: Sage Creek High School (9/10).
The property offers rare direct beach access and is situated just steps from the sand, providing an unparalleled coastal lifestyle within walking distance of Carlsbad Village.
Boasting one of the largest lots on Ocean Street with R3 zoning, this property presents a significant opportunity for expansion or high-density redevelopment.
While high-quality, the major remodel was completed in 2005; certain interior finishes and systems may feel dated compared to contemporary new-construction luxury standards.
The 'starting bid' auction format can create pricing uncertainty, as the final sale price may significantly exceed the initial $3,500,000 threshold.
Luxury Live Auction! Bidding to start from $3,500,000! Sunset Alert! Rare opportunity to live steps from the sand with direct beach access and breathtaking ocean views. Seller completed a major remodel in 2005 on this luxury coastal home which offers multiple outdoor entertaining areas, a rooftop deck for unforgettable sunsets, and a spa with waterfall. Inside, enjoy a light-filled open layout with expansive windows, gourmet kitchen, granite counters, and wine cooler. The primary suite features a balcony, fireplace, and spa-style jacuzzi bath. Two guest suites, a custom cherry-wood office, private driveway, and large two-car garage complete this exceptional beachside retreat. Walk to Carlsbad Village shops, cafés, and restaurants. Explore the feasibility of one of the largest lots on Ocean St with R3 zoning.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades K-5 • 1.2 mi
Grades 6-8 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 32% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,333 | 2,286 | 52% |
| Lot Size | 5,334 | 9,147.6 | 18% |
| Price | $3.50M | $1.89M | 90% |
| Price per sq ft | $1.5K | $842 | 92% |
| Built year | 1980 | 1976 | 53% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 166 | 2% |
Apr 15, 2026
$3,500,000
Initial Listing